People Incorporated Common Stock (NASDAQ:PPLI) Issues Earnings Results, Misses Expectations By $8.92 EPS

People Incorporated Common Stock (NASDAQ:PPLI) released its quarterly earnings data on Tuesday. The company reported ($9.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($8.92), Briefing.com reports. People Incorporated Common Stock had a positive return on equity of 13.30% and a negative net margin of 17.01%. The company’s revenue was down 3.6% on a year-over-year basis.

People Incorporated Common Stock Price Performance

Shares of People Incorporated Common Stock stock traded down $0.09 on Tuesday, hitting $43.29. The company’s stock had a trading volume of 248,520 shares, compared to its average volume of 1,110,363. People Incorporated Common Stock has a 52-week low of $31.42 and a 52-week high of $48.32. The company has a quick ratio of 3.69, a current ratio of 4.01 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average price of $39.01 and a 200-day moving average price of $40.48. The company has a market capitalization of $3.00 billion, a P/E ratio of -9.84 and a beta of 1.00.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PPLI shares. UBS Group reduced their price target on shares of People Incorporated Common Stock from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th. The Goldman Sachs Group decreased their price target on People Incorporated Common Stock from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. Truist Financial lowered their price target on People Incorporated Common Stock from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. KeyCorp lowered their price target on People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Finally, Wall Street Zen raised People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, People Incorporated Common Stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.08.

About People Incorporated Common Stock

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.